Deal Details
Newell Sells BernzOmatic to Worthington
Summary
Newell Rubbermaid Inc. ("Newell") announced today that its BernzOmatic business has been acquired by Worthington Industries, Inc. ("Worthington"). Terms of the transaction were not disclosed.
Baird served as the exclusive financial advisor to Newell Rubbermaid Inc. on this transaction.
About
Newell, based in Atlanta, GA, is a global marketer of consumer and commercial products with a strong portfolio of brands, including Rubbermaid®, Sharpie®, Graco®, Calphalon®, Irwin®, Lenox®, Levolor®, Paper Mate®, Dymo®, Waterman®, Parker®, Goody® and Aprica®.BernzOmatic is a manufacturer and global marketer of hand-held torches, solder, accessories and related products, sold in retail and professional plumbing / HVAC wholesale channels.
Worthington, based in Columbus, OH, is a leading diversified metals manufacturing company that serves as North America’s premier value-added steel processor; a leader in manufactured pressure cylinders, such as propane, oxygen and helium tanks, hand-held torches, refrigerant and industrial tanks, camping cylinders, compressed natural gas storage cylinders and scuba tanks; framing systems and stairs for mid-rise buildings; steel pallets and racks; and through joint ventures, suspension grid systems for concealed and lay-in panel ceilings; laser welded blanks; light gauge steel framing for commercial and residential construction; and current and past model automotive service stampings.
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- Date
- July 2011
- Company
- Newell Rubbermaid Inc.
- Transaction
- M&A - Sellside
- Sectors
-
Consumer
Industrial - Verticals
-
Household Products
Building & Construction Products
- Target Location
- North America
- Acquiror Location
- North America
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